Question : 51) The above figure shows the market for college education : 1238630

 

 

51) The above figure shows the market for college education in the United States. With no government intervention, the market equilibrium is at a tuition of ________ and ________ million students per year.

A) 16,000; 14

B) $20,000; 10

C) $13,000; 10

D) $13,000; 17

E) $16,000; 10

52) The above figure shows the market for college education in the United States. With no government intervention, the unregulated market equilibrium is ________ because education generates ________.

A) efficient; positive external benefits

B) inefficient; positive external benefits

C) inefficient; positive external costs

D) efficient; positive external costs

E) inefficient; public goods

53) The figure above shows the market for college education in the United States. If there is no external benefit from a college education and the government does not intervene in the market, then the equilibrium tuition of college education is

A) $13,000.

B) $16,000.

C) $20,000.

D) $7,000.

E) None of the above answers are correct.

54) The figure above shows the market for college education in the United States. The efficient quantity of college education is ________ students per year.

A) 10 million

B) 12 million

C) 17 million

D) 18 million

E) 14 million

55) The figure above shows the market for college education in the United States. The marginal external benefit associated with educating 14 million students is ________ per student per year.

A) $16,000

B) $13,000

C) $11,000

D) $5,000

E) $7,000

56) The figure above shows the market for college education in the United States. If the government does not intervene in this market, the number of students going to college is ________ and the efficient number of students is ________.

A) 13 million students per year; 16 million students per year

B) 14 million students per year; 16 million students per year

C) 10 million students per year; 14 million students per year

D) 10 million students per year; 13 million students per year

E) 14 million students per year; 10 million students per year

57) The figure above shows the market for college education in the United States. If the government does not intervene in this market, the deadweight loss equals ________ per year.

A) $28 billion

B) $14 billion

C) $280 billion

D) $224 billion

E) $7 billion

58) The figure above shows the market for college education in the United States. If the government intervenes in the market and provides a subsidy to colleges to enroll the efficient number of students, the amount of the subsidy equals ________ per student.

A) $5,000

B) $16,000

C) $13,000

D) $11,000

E) $7,000

59) The figure above shows the market for college education in the United States. If the government provides a subsidy to colleges to enroll the efficient number of students, the amount of the subsidy per student equals ________ and each student pays ________ per year.

A) $16,000; $13,000

B) $7,000; $13,000

C) $5,000; $13,000

D) $11,000; $16,000

E) $5,000; $11,000

60) The figure above shows the market for college education in the United States. If the government has a goal of enrolling the efficient number of students each year, the government should provide a voucher to students equaling ________.

A) $16,000

B) $13,000

C) $11,000

D) $5,000

E) $7,000

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more